Image provided by: University of Oregon Libraries; Eugene, OR
About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (June 18, 1911)
THE OREGON SUNDAY JOURNAL'. PORTLAND, SUNDAY MORNINO, JUNE 1 18. 1011.
" ' t. '
Review of thc World'o Trade
ol thc PastWcck - ;r
' '' 1'
t i ITTTV?'-T' ' "V T T S7"H
I ! " I I 1 v . I IV I ..-
YARDS OF WORLD
Conditions Are Such Tnat Fair
Yield Is -Probable; vermm
: ' in England May Do Damage
; Too Early tor tsumaies,
' ' ' ' n. Tlt-men II. Cohen
Th. world will produce a 1
Of hop. -r'nihV-.n. " ,
a onununc . v-
l07d. th.?or. from th. fectthet
there la a shortag. OT. "T'bta
i.. .outlook for extremely favorabi
prices oould scarcely be Improved,
i i- tha hind a of M
yeara ana mriur. - hn
, ef the., will be needed
' Were the hop. Of OJIT6M V'tC0
r.nt r-f lva cent. waa recently pua
.p fSrVn.eontnust. but thl. wm .n
ptionaffUr PW under
Itest of th. tru. mark.t Notwlth-
SufitaS ttla, lo " ...theS
ea eeveral occasion recently and ther.
Ta confirmed transaction at 14c a
sound la California.
T v , Ormn Xae Meads,
t Whether th... price, are th
itch level that th. hop market for 1IU
wfil reach, remain, to be .een. Grower,
kavabeft Weaa ao high that they can
Jot fee reached at all exc.pt in excep
tional Instance, where !?JISln2 ex!
money for picking and cultivating ai
' Tm. of th. grower. re talking of a
Wketndlf they wera onerea .
tdaytbe eff.r would Ukely be "purn
TtMlera. On the other hand, are mora
iwtloue. They firmly believe that tb.
?rkot will rule high, but with few ex-
anould go down - and ther should M
Reiv ly Wved. the would b.
trtnndous because bops count rapidly
Into money at this level.
m--A Inn Old lOM.
English brewer, seem y11
fortified agalnet any wver. ad vnc. In
She nrlca of hop.. Practically all the
aider growth, which have been a-oeg-Jing
cntbe Vaclflo coast J
averal rears, have been purchased by
thrEngEhtrad. and wttf go Into con-
umption tbia aeaaon. -
EngUah bop crop 9".!,
that Ihera may be etooat . a lWhara of
production thU aeejion, although auch 1.
Sot likely Estimate, now being given
SSt regarding the Engll.h 01 opranM
omewhat under normal ywa, but all
re mar. gueseea and no mora
actual condltlona than many of the
fueseee made on the Oregon crop re-
Whlla the Ifngllah crop la full of ar-
Mln mt this time, ini HWO Hi But
very young and .praying may prove ef
fertlve and tbua le.aen con.ld.raWy
th. damage that might be wrougnt.
nuiT Buun overestimated. ,
Aa usual It haa been found that th.
aarly rporta of damare to the Oregon
yarda. have been greatly overe.tlmat.d.
there 1. always a cry of -dismay
wherever a few hills appear to be miss
ing and where there Is one such abeent
Vina th. reports Indicate 10.
Similar tactic, were used In djacrtb-
v. rallfrrnl prB OUtlOOlC but
after a few days of real sunshine It has
Aieen found that the crop waa much bet
r than . expected and present reports
.from there- indicate practically the same
output aa a year ago.
There have been tlmea during recent
Ieara when the Engll.h hop crop was
iiit to be ruined by vermin, but on
lamu of these occasion, almost a
.bumper yield waa gathered later In the
In Waahlnrtfln there haa been a gen
sral absence of damage report., there
.nr. tha nutJnnk there may be said to
Ihe oromiaing. In New York .tate the
forospects are or a yieia woni J
year ago; tnereioro w ","'" .y""v
etataa aa a whole, and in fact the en
tire world the outlook for the 111 bop
crop la not sair poor.
niaiits as Bmeooiason.
Thllt th arreat majority of the hop
Healers are holding aloft from the hop
Contract market this year owing to the
bit h ideas of growers, some of the lead
ing operators have extensive contracts
Wheat Prospects Best In
Years In All Sections Except
Light Lands Along Colum
bia; Fruit Crop Is Fair.
TRANCE RICHEST PER CAPITA
While the United States Has ths Greatest AgjHTKats of Wealth, With England Second and France Third,
the Latter If as More Blonej for Each Inhabitant -John D. Rockefeller Jr. Falls to Follow Financiers'
FooUtepswUnmaji 8ide of Oil King's Bon Iterealcd. . s , . ; r , vV v ' . , , ;
hey ara making every possible effort
o keep the Idea, of growera such that
jmey Will aeratna nnu ny buv.
iruree, thereby aiding tne speculators
An. their campaign. ,
It ia too early to say what th. price
Uf bona will be this season, but at the
aSreeent time excessive values are offer
On fnr contracts and the market has
fione above the present level (for spot
-nrjim Kiit f hw timaa and then only
or short periods.
VOOL MARKET MORE
!. : , ACTIVE AT
Boston. Mass.. June 17. Considerable
wool 1. changing hand, on the Boston
market and there ia more activity than
'appear, on the face. A few million
'bales, mainly from new clips, have been
!old and all strong features are main
tained. The Oregon wools, however, are
f enerally quiet here, Boston dealers nav
ng so far purchased between 60,000,000
tend 70,000,000 pounds of the new west
Hail at Eltopia.
Kttopla, Wash., June 17. The most
severe atoms in the history of this sec
tion struck the country west of here
Monday. The storm, accompanied by
hailstones, some as large as a dime,
! lasted for several hours. Rain fell in
torrents. Lightning struck in the vi
cinity of some haymaker, on th Holt
ranch, scattering the workers in every
direction. The nail has done no dam
age to the growing grain, but the rain
was neavy . enougn in pieces to wasn
out parts of alfalfa fielda.
Begin Strawberry Season.
' , Caldwell. Idaho, June 17. S. O. Smith,
manager of the Caldwell Fruit Grow
lers' and Producers' association, la one
j f the busy men in th city Just now
at th berlnnlng of the strawberry
season, which is fully ten days later
than last, on account Of unfavorable
weather conditions. Some of the first
blooms were frost nipped, but scarcely
enough to affect the crop - which, with
in new naicnes coming; into neannr,
premises to be heavier, than the 110
output. - - ,
By Hyman II. Cohen.
Weather condition, w.r. again such
as to further all growing crops during
tb past week. Th outlook for grain I.
better everywhere, although rain. ar.
till needed quit badly In the lirht land
sections or ui. Columbia river In Or'
gon. Prospect. In every other section
ar the beat In years and good straw Is
Harvest of hay has started In many of
tne eany section, ana in. cutting would
indicate fully a normal outout. Smi
alfaira is already entering the markets
and an excellent demand haa been
Th hop yards of th Willamette val
ley ar showing better growth than dur
ing the previous week, when the weather
waa a trifle too warm. No vermin ar
reported and thla la one of th beat In
dications of a good crop.
Htrawbarne. are now coming forward
from the late di.trleta but taken aa- a
whole th. total outpat of tilts section
will not b. more than CO per cent of an
rrom ail .ecuona report are oomlna
forward telling of Improved prospect,
for th. Peer crop. Early damage seems
to have been greatly overestimated.
Peaobe. will' be far better 'than rr-
Feoted. Th aeaaon has progressed suf
Iclently to see th effects of the recent
damag and fully a quarter more fruit
la now expected than was anticipated
earner in ine aeaaon.
Prunes show practically no change.
Mo dropping la yet reported and until
the regular dropping aeaaon a tart a it
will be unwls to make any definite -timet
of th coming output
Umatilla Wheat Frospects.
Pendleton, Or., June 17. "Present
Indications point to a wheat crop for
this year that will be far above normal,"
declared EL W. McComa. thl. morning.
McOomaa Is on. of th principal buyer,
of whaat In eastern Oregon and 1. al
ways considered an authority on grain
conditions In general. . .
"Five million bushels Is generally
considered a normal yield for the coun
ty and ther have been but very few
years when thl figure was surpassed.
The harvest of . 1907 was th last big
year. We harvested more than (,000,000
bushels that year and I would not be
surprised If we . harveated nearly or
quit as much this year.
"Of course the grain Is not threshed
yet. but the prospect, ar certainly in
dicative of a normal crop and th
chance, sr.' for a bumper one. In any
event th yield will be greater than last
Bnsy With Cherries.
Clarkston, Wash.. June 17. The pack
ing houses are handling Blng cherries
and Royal-'Anns in - largo qnantltlee.
The warm weather 1. rapidly ripening
tb. fruit and If- It continue, th same
for a counle of day. longer It I. ex
pected that th. bulk of the crop will bo
picked oerore tne en a or the week.
Pickers and packers ar in demand and
the crop im being handled to good ad
vantage. The prices ar good, and the
quality of fruit la auch that not many
culla ar. being found in the boxes.
Potatoes at Klamath.
Klamath; Or.. June 17. Potato plant
ing I. still In progresa on the slopes
of Mount Buena Vista, In ward five.
Those clanted but a few weeka ago are
coming through the ground and grow
ing rapidly. This 1. an ideal spring for
all crop, to grow.
Growing Bermuda Onions.
Kennewlck. Wash., June 17. F. F.
Fox of Spokane aspires to th onion
king title of the Columbia River valley
and indications are mere win ne none
to contest the honor with him. Mr. Fox
has a 40 acre tract on the Kennewick.
seeded to Bermudas, from which he ex
pects to harvest 400 tons of marketable
onions. The sale of his crop, Mr. Fox
figurea. will net him $8000 or $200 an
By Preston C Adams.
(rBkUstMre' rrssa Leaaee Wire.)
New York. June 17. There Is a gen
era! aort of an Idea that the United
States Is th rlohest of all countries
In th aggregate thla Is correct but
when It cornea to per capita of wealth
w ar a bad third. L'Amerlln Finan
cier, a ench publication which 1. rec
ogaiaed ae an authority on such matter.
haa Juai la.uea rigure. on tni. euDject
which are interesting. Thea .how that
while the wealth of th United Btete.
in th. aggregate I. 1115,000,000.000. aa
against s,uo.ooo,ouo ror ureal imt
aln and $83,000,000,000 for Franc when
the per capita of wealth I. considered
however ranee is esvsiiy in th lead
with Oreat Britain a rather cloa second
and the united Statea a poor third. The
?er capita of wealth for Franc is $2070
or Oreat Britain $1171 and for th Uni
ted Btatea lllil.
It would b Interesting t know how
thl. wealta is distributed but unror
tunaUly no such statistics are avail
able. If they were It la not Improbable
that th abowing for tn united States
would be even less favorable, for ther
la probably a greater concentration of
wealth In this country than in any ether
In th. world. '
In a recent speech Lloyd Oeorga, the
British chancellor or th exobecquer.
mad th statement that there were
onlv about 14,000 or so men in Oreat
Britain who would be Uabl. for th. eur-
Jax on Incomes, having an Inoom-of
26.000 or more. It la probable that
lew Tork city alon would greatly
exceed thla total.
While fortunes ar sometimes quick
ly mad in American mlnea It Is a
melancholy fact that not every man who
Invests in mining stock quickly gets
en Eaay street thereby. .
una or tn financial papers tna otner
day had a rather grim Jest on this point
In Its advertising column. In th. shape
of th. following advertisement: .
"Will exchange I have 6000 share
of a once well known mining and leaa-
Ing company. Will exchange aame for
one aettlng hen and IS fresh laid eggs,
Leghorn preferred. Only permanent In
vestors need apply.
Last Jury ftOI.000.000 was distributed
In dividends and interest, and as an
even larger sum will be paid out next
month our principal underwriters and
Investment nouses- are making active
preparations to . attract the reinvest
ment or this money. The Journal's rec
ords ahow that Juat ever $1,000,000,000
new securities have been issued since
January 1, yet Investigation reveala that
muon new financing la contemplated.
The June offerings of new bond.
and notes ar likely to exceed laat
month' total of $166,000,000. The re
sponse to recent applications for capital
haa in nearly every cas been highly
wieiaciory ootn aoroae and at noma.
Th present I. a peculiarly propitious
murasni i or ooverinr reouirernenta: in
deed It is Questionable If eomlltlnna tin
long remain as favorable as ther ar
Money everywhere is abnormally
cheap. In London discounts ar only a
Shad above I per cent. In Parla the
quotation la S per cent. In Berlin It la
under I per cant. In Amsterdam 14 per
cent, while In New Tork call money has
oeen in superabundant supply at S and
2 par cent, time rates until a few days
ago Wr on the baala of IU nur oont
for abort maturltlee and t per oent for
sit montha, and commercial paper wa.
very scare at I pr oent. (
Our olearlne- houae hmnka kin km
carrying reserve, far In exceaa of legal
requirements, and the plethorlo state of
out-of-town marketa haa been reflected
by receipts on balance from th Interior
to th extent Of well eho-ra XlAA AnAOflA
since the opening of the year.
Nearly 1,000,000.000 new eecaritlea
have been issued In the United Statea
daring the ecurrent, year. The xact
total, aa compiled by the Journal of
Commerce and Commercial Bulletin, has
been $l,S10,t60, aa Increase of $71,-
02,IS over last year. Th railroad
output reached th hug flgur of $711,-
?!$-900iurln' th Ifat flv months of
1010. the Increase havlnv thn hn
$1M.$7I,00. The industrial total of
ii,ro,vog snow, a decrease of $7,-141,(60.
John D. Rorlrfalli Tl haa m
dl.taate for buatneaa affatra mA 1. t-
said that hta father haa almost despaired
niaiuiia a. great unancier or mm, not
withstanding hi. r en e rally admlttiia ca
pabilities. His Interest In th welfare
ef th employe of th great trust his
father has established has, however,
made him th most popular of the aons
of multl-mllllonalres who make their
headquarters at 80 Broadway, i Many
stories Illustrating hie human side are
told. Among them ! on that when
his father first .ent htm to learn the
bualnea. on the first rung of th. ladder
he waa assigned as a clerk ln the ship-
King department One day the clerk, a
r. Brown, who bad tb desk next te
him. sent word that ha had been taken
alck. Th next day young Rockefeller
also sent aa excuse. Me wa. missing
ih. next day and th next. Their the
head of th department .ent another
clerk up te Brown's hall bedroom to In-
?uire aa to his condition. Ther he
ound John D. Rockefeller Jr., alttlng
by th patient's bedside, reading to him.
the heir of the Rockefeller millions had
employed a doctor and waa not only
paying all the bills of bis fellow clerk,
but was spending th greater part of
each day ministering to his wants.
War It possible at this time to ob
tain an accounting of stocks of com
modities in the United States, tb. reoerd
would hare an important bearing on
expectations regarding ths Immediate
business outlook of the country. Re
striction ef oensumptlon and curtailment
of demand nave progressed for se long.
yet in so irregular a manner tna it
haa become difficult to tell With any
degree of accuracy lust bow. in this re
spect, the Important Industries stand.
TTniike the ooDDer trade, the other big
industries do not make publio figures of
in dry gooes, production na neen
so sdju.ted . to oonaumptiv require
ments that now It 1. acknowledged on
every hand that th. trad nas rid it
elf of surplus stocks to such an ex
tent that nnaold sunnlles ar th small
est In a number of year a. As to tb
Iron trade estimates ar dlffloult latat
December it waa figured at Pittsburg
that the country s unsold surplus or iron
waa 1,600,000 .tons, which would have
approximated th highest surplus ever
experienced. Th Increased demand
which arose temporarily In February and
March must nave anaorDea pan oi .mis
surplus. Whether they have Increased
again, la tb subsequent alackenlng of
business, is a matt.r or .peculation.
IN LOCAL YARDS
Cattle and ' Sheep ; Are ; Easier
.but Hogs 'Are Fairly; Well
: Maintained; Record Break
ing Run In Mutton Division.
MRTf.lMrt V tvrimv.w
Week .'Mora Cattle f Khn
June 17.. ...1107
June ia ....1781
Jan I .....1440
May 17 ....147$
May tO ....8016
ST. LOUIS BUYER
HOLDS UP WHEAT
Short Plunger Begins to Cover
and Saves Market From
THE BARBER ASPHALf
Censtruet Asphalt and setter Btturn
Inoue Pavementa. .-08 Electrte
Blag, Portland. Or. Oskar Hub
Prepare for Harvest.
La Grande. Or.. June 17. Farmers In
the southeastern portion of the valley
ar beginning to prepare for hay har
vest. The high prevailing prices the
past season practically cleaned up all
stocks which will Insure good prices
again this season.
Finds Fruit Pests.
Marshfleld. Or.. June 17. P. M. Hall-
Lewis, fruit Inspector, visited the Co
qullle last week and found some fruit
pests, for which he will furnish instruc
tions for destroying.
Powder Valley Crops.
Haines, Or., June 17. The crop out
look for Powder valley was never bet
ter than at the present time In spite of
the lateness or the season in eastern
The steady rains oi tne last week
have done a world of good to all crops
which are looking fine. More wheat
has been sown than ever before In this
Oats and airaira give great promise
of large yield, and the former crop
will be of high quality, probably In ex
ceaa to the high standard of Baker
countv oats, which have frequently won
prlxes at agricultural shows for their
fine quality. The alfalfa crops ar
looking; fine and bountiful crops are
There will ne no snortaee or water
such as caused trouble last year. The
snow In the mountains is melting slowly
and the reservoirs are sure to contain a
supply to last the entire season. - last
year the snow melted rapidlv and prac
tically all the mountain snow went off
quickly In the spring, causing a short
age nearly an summer.
Rain at Trinidad Helps Grain.
Trinidad. Wash.. June 17. A heavy
rain fell this week. It will be of great
benefit to the wheat, as the hot wind
was telling on the early grain.
High Strawberry Prices.
Walla Walla. Wash.. June 17. Straw
berry prices here are the highest known.
On May 9 a crate of berries wa. worth
to its grower $6, and this price beid for
half a week, while berries were com'ng
In the market in good shape. For the
next eight days berries brought $5 a
crate, and It was not until the first of
June that the price went below the $4
That there la any overproduction this
year that will cause a drop of the mar
ket has not appeared in the berries, for
last . year there were but nine crates
that brought better than $4.60. The
average price last year was far below
that of this rear, which will be the beat
ever received here, it is thought.
Strawberries are being- sold as fast
as they are picked and the demand is
keeping. ths supply mighty busy..
. Big Cherry Display,
The Dalles, Or., June 17 A' display
of 100 boxea of fine Dalle, cherries will
be placed in one of the windows of the
Meier & Frank store next Tuesday, June
20. The exhibit will be composed of the
famous . Royal Ann-and Blag varieties,
which are largely raised here. The dis
By Joseph F. Prltchard.
Chicago, June 17. Bull longs in
wheat wore a discouraged look today
a. they witnessed prices tumbling low
er and lower ana haa not tne ot. iouis
man, Lanyon, covered some short grain
during the laM . half hour, the bottom
prices would doubtles have been the
resting spots of the session. Along
with a dosen or more local specula tois,
wk. ahA .k. C T...I- .l.in...
WW law wiv i V -j an. U l aLMSU.o Lriwiigni
Dougnt rreeiy or noin July ana upeiem
ber and there were reactions from th
bottom price of H0Ho, but there war
no decline, for the day of T4o.
The situation In wheat could hard'v
be more bearish than at the moment
and prices are aure to work to a lower
level unless something unforeseen turns
up to give aaslstance to a waterlogged
cash situation. There wa. not a sale
of cash wheat In this market today
while the country forced a round lot
of the new or op onto cash handler, here
and many points In the southwest
were asking for bids for grain new held
either on the farms or country elevators.
The recent rains that have visited
the corn belt, are reported from rellabl?
aourcea, a. having been Inadequate to
relieve tne growing crop any more tnan
temporarily. Every .tate in the corn
belt shows an alarming lack of normal
moisture. Prices closed today with
losses of UHc, yet resting spots were
above tne lowest levels.
Oats were &hic higher but th
volume of trade was small.
Trade in provisions was of the small
est Outsiders were absent and the
professionals were not inclined to make
new commitment, over Sunday.
BEABS HAVE INNING
HAVE GOOD FRIEND
Dick Miller of Front Street
Mends Broken Limbs and
Has Many Pets.
Excellent Weather for Harvest of
Crop Adds to Weakness.
(Publlahera' Preai Leaaed Wire.)
Chicago, 111., June 17. Bears had the
advantage today of the excellent weath
er conditions for harvesting winter
wheat and the growth of spring wheat
Their greatest advantage, however, lay
in tne enronic oearisnneas tnat pro
ceed, from the large stock of old wheat
In store at Chicago for which ther la no
market at present New wheat was
nought to arrive In July at September
prices, est Lrouis received tnree cars
of new Missouri wheat Farmers in
the northwest, In view of their fine
prospects for harvest, are selling freely
the remain, of their old grain. At the
close there was a decline of 4o in
Corn and oats shared the depression
of the wheat market and provisions
alone of the large speculative commod
ities showed resistance to the bearish
feeling that was in the atmosphere of
87 H 87
64 V 64
64 Vi 64
40 40 4
H 86ft 86 A
Vi 86 86HB
4 88 89H
84 64 A
66 65 A
Butter will rise
1 cent a pound again
Butter will advance a cent a pound on
Monday morning, a cording to announce
ment made yesterday. The new price
will put cubes and tubs at 24c a pound.
Squares and packing will bo extra.
New York Cotton Market.
Open., High. Low.
Jan. ....1336 1838 1328
Mar. ....1340 1841 1837
May .... ... ....
June ,...1 . . : . ..
July ' i,... 1607 1510 1481
Aug.' ....1475 1475 1455
Sept. .....1362 1868 1852
Oct 1837 1887 J$27
NOV. .... ... , , , .....
Jjec V.1I3 V l'.j2l
mWHxiPtvw jwjywj'i.'n III
II : I
RALLY AT CLOSE
Report From. London Brings
Good Buying of Amalga-
mated Hill Issues.
Richard H. Miller,
Front street has a man . who Is the
friend of every crippled chicken that
comes to tne fortiana mamei.i iticnara
H. Miller, known as Dlok Miller, has
perhaps put more fowl, on their feet
than perhaps all other Inhabitants of
Portland put together.
Mr. Miller is an oldtlmer on Front
street and for years has been connected
with the commission house of Frank
The hurried shipment and rough treat
ment that fowls receive In their journey
to tn. Dig city market orten cripples
many of them. Sometimes they arrive
with one leg. broken, sometimes two
need repairs. At other time, one leg is
entirely missing and in this case ex
pert care is given by Mr. Miller.
One day a few months ago a crippled
rooster was received in the lot of poul
try that arrived on the street The fowl
was in bad shape and ordinarily would
have been killed at once to end Its mis
ery. With careful bandaging of the wound.
ed member and a day or so of rest the
rooster was able to walk around the
store. In a short time It became a pet
and since that time has insisted upon
bossing" every cnicken tnat come. In a
A short time ago a goose arrived with
a broken leg. After thla was mended by
Mr. Miner, tne Dig rooster paid avvlsit
to that side of the house where the
goose was resting end they became in
stant friends. Som time after this the
two would visit throughout the house
and at times would visit other stores on
jfTOt...streeL : ;..... , , .
PRICE OF WHEAT
, AT WORLD'S CENTERS
4 Portland Cash club' 87 88c,
bluestem 97988c. 4
4 Chicago No. 2 red 86 88c,
4 July 86o ask, September 86c
4, Liverpool July 6sl0d. Oct- 4
ober 6s8d. 4
, Bueno. Ayree Wheat steady. . 4
4 - Budapest Wheat 1c lower. . ,
4 . Antwerp Wheat unchanged. .
- Berlin Wheat lc higher. , ' 4
Mtnneapolls-July 92o bid.
4 September 91ttc bid
4 V ' Winnipeg July 9e bid, Oe-
tober 88H0 ask. ; v;'
.a. w Dulutfc lulm 4oi! ask, 8ep4-
tember tie ask.-
By Thomas C. Shotwell.
(By the Intaraatloaal Mews Berrlee.1
Wall Street New Tork. June 17,
Stock, clo.ed strong and In th. midst
of a rally today with. Amalgamated
Copper the leader. At th opening
standard la.uea ahow.d fractional gain,
due to more favorable weather In the
grain belt but shortly after the com
mencement of business professional
traders offered Readina- and th Hill
hares in liberal enough volume to cause
a aecune or nearly a point In those
issues ana a sympathetic fractional re
cession in union racirio, HteeJ and
other high class Issues. When prices
were at tiie loweat London cabled that
the fortnightly state statistics Indi
cated recession in European stocks of
cupper 10 tne lowest amount tn two
years. - uoon Duying or the copper
stocks Immediately appeared and their
sirengm naa sympathetic influence on
the rest of the list, resulting In a rally
that was In , full progress when the
session ciosea. Heading and the Hill
snare, closed of the fractional net
losses, but Amalgamated showed a gain
vi a. puuiL, me rmiance or u list Do
ing practically unchanged.
Improvement In the fundamental con-
aitions as evidenced by the better de
mand for steel and copper, together
with a further Increase of the balance
of trade in favor of the United States,
has been the chief development In the
financial world .the past week. The
only- unsettling factor waa the .contin
ued tack or ram in the grain belt that
nas causea unaue apprenension regard'
lng the crops.
Description ; Openi Hlfhi Low Bid
AmaL Cop. Co..
Am. Car & Fd'y
Am. Can, c
Am. Cot. Oil .7 o .
Amer. Loco., c . .
Am. Sugar, c . . .
Anaconda Mln. .
Amer. Smelt c ..
Amer. Woolen . .
B. A Ohio, o
B. B, Transit ..,
Can. Pac. c
Central Leath., c
C & Ot. west . ,
dO Df d
C. M. & St, Paul
C. & N.. c
Ches. & Ohio...,
Col. F. 41....
CoL Southern, e,
corn Froaucts, c
Del. 4 Hud
D. & R. a., e...
Ice Securities .
Int Met. com. . .
Kansas City S..
Louis. 4 Nash. . .
M., S. P. 4 S. M.
M.. K. 4 T.. C.
National Lead ..
Nev. Cons. , . . , .
N. T. Cent,'....:.
N. Y., Ont. 4 W.
Nor. 4 W., c. . .
N. P.. c
Pac. Mail 6s. Co.!
P. a., L. & C. Co.
P. S. Car. c
Reading, c. . . . . .
itep. x. ac a.f c. .
Rock Island,, c. .
St. L. 4 S. W., 0.
S. Pacific. 0. . ,.
S Railway, c...
Texas 4 Pacific
T.. St.L.4W.. c.
Unloq Pacific,, o.
U. 8. .Rubber, c.
U. S. Steel Co., c
utan copper. .
West Union Tel.
Westing. Elec. . .
Wis. Cent, con.
70 71 fo
67 $7. 66
"sin 'iH U"
12 43 41
'ii" ii" "40
82 83 82 2
iis iis iii
108 108& 108
64 54 63
80 80 80
289 240 239
148 148 148
83 88 83
'i.5 'is 'i4'
35 '85 86'
162 162 162
18 'l8 'iJ
177 178 176
iiV m" i36
87 87 87
60 60 60
56 66 66
20 20 20
110 111 110
45 45 44
107 107 107
134 134 138
124 124 .24
lt8 106 106 j
159 iiS9 158
302 80 80
82 32 32
120 120 120
81 Sl Il
185 185 184
'78 "78 '78
61 61 50
65 66 54
88 38 '88
75 '7 4g
By Hymaa Ii: Cobea.
1" Lyn ot absep and lambs Id th
Nertlt Portland arda during the paat
waa a record breaker, a total of
.t neao ting received during th six
days. x. , ...
That lower price resulted from this
huge marketing was but natural but ths
decline was not 1 nearly as heavy as
miani nav oa expected when bidders
wre few and supplies liberal.
Not until th last day of th week
waa ther any break In the steady ton
that has ruled recently for sheep, A
drop of about Ho was forord In wether
with a sale at $8.80 but though ther
wer no acacia! lamba orrrin that
market showed a further concession of
Mac to tn ouyers and $6 is now con
sidered the top. '
Considering avervthlnr the ah mrs anA
lamb trad haa been held at extremely
high prices at North Portland. While
recently ther haa been quite a fair im
provement In th mutton trad of th
east and centra west valuea here have
been about the beat In the country and
from e primary point of view, the best
In th world.
Sheep and lamb prices at North Port
Tearllngs ., ..I
Wethers i 8.60
Feed sheep ........... 3.00
Cattle yob Satlsf aetory. -The
situation lu the cattle market I.
not satisfactory. With higher prices
ruliner In the country than here, baaed
on delivery at North Portland, shippers
have been keeping away from the mar
ket and packers will soon be in a posi
tion where they -will need some stock
and need it badly. The starving pro-
raaa rwantlv had a COOd effect but
there was quite 1 fair run durinr the
paat week and this gave buyers more
courage to aepreae, m nwno "
Total offerings st North Portland dur
in th. aiT riava wer 1610 head com
pared with 698 last week and 1607 a
month ago for a Ilka period. -Th.
xattia situation has recently
shown an Improvement at eastern points
and therefore It is not uaeiy mi
k.. imnnriitlnni from there to the Pa
cific, coast will Be made soon unless our
market does better or else th. Improve
ment is lost ... .
Nominal cattle values at nonn rrv
Best steers $.006.45
Fancy grain steers' "-go
Ordinary ateers 6-75
Best grass steers
Medium cow. 1 ?66-00
Poor to fair cows 8.004.ou
Raat bulla . .4.60
Fancy bulls 122
Ordinary bulls $.75 4.26
Best light f 7.00
Poor $.00 4.00
Soloing- aogs Steady.
There wa. little change In the -swine
situation at -North r-ortiana nunng mo
past week. Recelpta consisted princi
naiiv of Missouri river stock, which
w.m nnrrhaaed direct by local packers.
The few loads of local hogs that came
forward naturally found a demand from
the smaller killers, these being the ones
that are holding prices up, at ime umr.
Tn th. enat there has again been an
ImDrovement In the hog trade. Chicago
was quoting tops at $6.30 yesterday
while at South Omaha $6.05 was ob
tained for best This is on th basis
of 87.11 landed at Pacific northwest
PNominal swln values at North Port
lend! - -
Best blockers $6.8506.9
Medium light f-7R
Rough packers 5?2?S S?H
Paat week's run of livestock compare
with the same period in, recent years
1910 ; MJ
1908 ..., 697
lftftK . . 819
A year ago tooay mere was eieaay
tone In all lines of livestock with no
change In prices.
Week's xepresenxaiivs naiss.
Following are representative sales of
the week. They Indicate demand, sup
plies and quality offering:
B t tun-tta. -
a e . O 1 254
CITY DF S1IEY
IS SUCCESSFUL AS
A WOOL MARKET
Auctions There Are of Exten-
' sive Character and Attract
- Leading Buyers X)f World
: London; Is; Hurt.
., ..'. By Henry D. Baker.
8. Vlv.-Consuraen.ral. Auckland,
The rapidly growing Importance of
Sydney, Australia, aa wool market
la ahown by, the figure, of sal, for
tb. paat three wool year. In th 1907-8
season 699,008 balea wer. sold; -In
1908-9, 746.609 balea: while In 1809-10
the sales were 816,830 bale.
Th -wool aoM at the 1909-ID vdnev
ssles represented a vaH. of approxi
mately $66,000,000. The Sydney sales
are bigger than the other Australian
sales put together, and ar gaining at
such a rate a. to threaten the suprema
cy, of London a the world' greatest
wool - market Sydney already domi
nate, th. market lor merino wool., and
In- th aales of Australian wools gen
erally It now cornea within several mil
lion bales a year of tb London market.
Th greater part ef th Sydney wool,
Including chiefly merino, goea to th
continent of Europe, especially to Oer.
many and France, wbr it is mostly
spun Into fin fabrics ' for women's
English manufacturera, who special
ize more in long coare wool for men's
clothing, ar buyers of crossbreds rather
than merinos and buy at other Austral
Ian market rather than Sydney.' Fins
merino wool that will wind out longer
than 64 hank, to th. pound la bought
for French and German houses, who
will usually not tk It below 64, while
English houses will seldom take it above
64. 'Th American buyer, take th
cleanest, brightest and finest wools they
can get, Inciudliyr both merinos and the
beat grades of crnaabreda. aa th tariff
at horn renders It unprofitable to Im
port other than tn beat and cleanest
wool. . ' -. f
Taoilltl. Attract World's Bayers.
Th rapid growth of Sydney aa a wool
market seems to be due not merely te
the increase or sheep - riocxs in N
South Wales (present number about 47,
000.000). but also to the constant 1m
provements In th local facilities for
buying and selling, storing and handling
wool, wnicn nave causea id torsi mar
ket to gain steadily In popularity with
both buyers and sellers, who now con
summate large transactions here which
rormeny were carried out in London.
Competition for the handling of wool
at Sydney is now extremely keen, and
haa led to erection of enormous stores,
fitted with the most up to date appli
ances, -mere are iz rirm. engaged in
this business here, most of them with
very large capital. They show Ton
al d Preble enterprise In their efforts to
gala the trade of Australian wool grow-
era and of the wool buyers who come
nere every year from England, Bcotiana,
Germany, France, Belgium, Austria,
Italy, Japan, th United States, and
other countries to attend the wool sales,
and who naturally prefer to buy through
whatever firms they think can offer
the best assortments and provide the
most convenient facilities- for inspection
of wool and for preparing It for ship
ment to the countries for which It may
be bought. - Some or the wool ware
houses in Sydney sre six to eight acre,
in area, with five or six floora. and with
capacity up to 60,000 bale, of wool.
One floor will be used for display of
samples and other floor, will be
equipped with powerful machinery for
"dumping" th wool (technical xprea
slon for compressing th- nales snd
holding them tightly with steel hoop)
and for weighing, conveying th wool,
Catalogues for Auctions.
Th wool Is sold at auction by cata
logue, the preparation of the eata-
loguea often involving an enormous
amount of labor and attention to detail.
The catalogue of the sale under way at
the time or my visit overea nearly
lO.OftO bales of greasy1 wool, which. I
Concluded on Following Page.)
74 steers 1043
COWS AND HEMTER8.
35 speyed heifers ... . . . 877
28 cows . 944
24 cows 989
28 cows -. ...... a.... .... . 932
9 cows ............... 927
1 cow 960
STAGS AND BULLS.
2 stags .1396
7 bull. ..1435'
89 light .
; Prepare for Connelt JftwesCv '
Connell. Wash., June 17. Farmer, are
busy - getting ready .for - the harvest
which -t will soon be on In full force.
Some of the- farmers . are now cutting
their hay anA getting ready for- th j
harvest proner. v.r.----. i
290 mixed .
68 ewes ..
178 mixed .
ewes . .
8HEEP AND LAMBS.
Rome, N. T., report, a. "
follows: "The probability i. '('
that vBltullthle pavement
will be laid In Garden
street, a. that pavement
has been down for several
year. In North James street
end Jt give, the best of sat
isfaction even though It
does cost a little more than
asphalt' There Is not a ,.
crack in th whole mil of
th street? '
, Cooke Co.
. 1 Stocks, Bonds '
Cotton, Grain, Etc ,
" : 216-217
Board of Trade Building,
Member Chicago Board of Trad a
Correspondents ef Logan A Bryan.
Chicago, New Tork. Boston.
W have th only private wire
, eo tweeting Portland with tb -"
eastern scbangea. . : 9
" Walla Walla Berries.
. Walla. Walla. Wash.. June 17
rles are at the height -of , season" and
are selling for $1.60 a crate. - Many
nave oeen soia tor is tni. year, how
ever, the prices straight through being
the best known here. Cherries are on
the market In large quantities.
In vegetables, peas, turnips, beets
and similar vegetables are offered in
large quantitiea. . v
i s,';-'.-:'- v-v.f' . " " - . j , ,
7. Ltrerpool Wheat Market. .,
Livertjool.: June -17. Wheet Jrinaa-
;i DRAIN ,TIHiE
; : The success of a farm depends upon its drainage. : .
.- Successful drainage is accomplished' through DRAIN TILE.
The cost of DRAIN TILE' is, very small, while th increase
of the productiveness of the soil is remarkably large. . ''yz- 4(
' Why not use the method thit will give you the beit returns
for" your money. - . ' " -
f Write for free booklet on ites of DRAIN TILE. " T
LANGE (k BULLOCK, Inc.
?. - -601 Beck Building. Portland V , ' , -v
play will remain a week. , , ,k
July,.6S lOltdi.Oca $d.,v a